Michael Angelo Munoz, 34, Bakersfield, California, pleaded guilty today to two counts of mail fraud relating to his involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007. On November 12, 2013, co-defendant Jayson Peter Costa, 40, also of Bakersfield, pleaded guilty to conspiracy to commit mail fraud, wire fraud, and bank fraud relating to the same mortgage fraud scheme.
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Juan Velez, 60, Waterford, Connecticut, was sentenced by U.S. District Judge Robert N. Chatigny to 12 months and one day of imprisonment, followed by five years of supervised release, for his role in a mortgage fraud scheme.
Carlyle “Carl” Lee Cole, 66, and Caleb Lee Cole, 37, and Sneha Ramesh Mohammadi, 41, all of Bakersfield, California, pleaded guilty to charges stemming from their involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.
J. Patrick Brester, 41, Sarasota, Florida, was sentenced by U.S. District Judge Richard A. Lazzara to six years in federal prison for conspiring to commit wire fraud affecting a financial institution, and committing wire fraud affecting a financial institution.
John Carlisle, 49, New Haven, Indiana, pled guilty before Magistrate Judge Christopher A. Nuechterlein to the felony offense of making false statements and reports regarding mortgage loans and aiding and abetting in such conduct.
Aaron Michael Hymas and Tiffany Kim Hymas, both 38, North Salt Lake, Utah, were sentenced in United States District Court in Boise, Idaho, for their roles in a mortgage fraud scheme.
Michael Pinkney, 43, Cordova, Tennessee, and Alan R. Price, 50, Olive Branch, Missouri, were each sentenced to 33 months in prison and ordered to pay $1,283,728.53 in restitution for their roles in a foreclosed real estate flipping scheme.
J. Patrick Brester, 41, Sarasota, Florida, was found guilty of one count of conspiracy to commit wire fraud affecting a financial institution and three counts of wire fraud affecting a financial institution.
Joseph Daniele, 42, Tampa, Florida, pleaded guilty to conspiracy to commit wire fraud affecting a financial institution. Daniele faces a maximum penalty of thirty years in federal prison.
Andrew D. Norman, 36, Akron, Ohio, man was sentenced to more than three years in prison and ordered to pay more than $15 million in restitution for his role in a mortgage fraud scheme in Florida and a separate scheme to defraud two elderly investors.